Entity Owned 
For Sale
1 / 14
Contact for pricing
8699 Biscayne Blvd, Miami, FL 33138
View Listing →
Property summary
AI-generated overview
This exceptional 0.76-acre commercial and residential development opportunity is situated at 8699 Biscayne Blvd in Miami, Florida, zip code 33138. The property boasts a substantial 32,952 square feet of land, strategically positioned on a corner lot with 155 feet of frontage on Biscayne Boulevard. Zoned T6-8, it allows for a variety of uses, including hospitality, mixed-use, multifamily, and retail development. The site's prime location offers convenient access to Miami Shores, Upper East Side, and Little River, all within walking distance. Furthermore, it's a short 10-15 minute drive to the Miami Design District, Wynwood, Midtown, and Brickell, providing excellent connectivity to major commercial hubs. The property is comprised of five separate parcels. A ground lease option is available, with a base rent of $350,000 plus NNN charges, presenting an attractive alternative for qualified national tenants. Development potential includes approximately 75 residential units or a significant retail component. This is a rare opportunity to acquire a large, well-located parcel in a rapidly developing area of Miami. The property is ready for immediate development.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
4,826 SF
Lot
0.21 ac (9,240 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3206-028-0901
UPID
US18-4278069
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardware & Home Improvement Home Appliance Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.76M
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$1.33M
Owner & transaction history
since 2013
6 recorded transactions
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.33M
Value range
$1.20M – $1.46M
±10% around blend
Estimated value / SF
$276 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$1.20M
blend $1.33M
$1.46M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,826 SF
Lot area
0.21 ac
Year built
1980
Stories
2
APN
01-3206-028-0901
Zoning
6100:COMMERCIAL,NEIGHBRHD
Assessed value
$1,293,600
Annual tax
$19,096
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.76M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.90M
@ 6.5% CAP return
$1.76M
@ 7% CAP return
$1.63M
4
Sales comparison
Partial preview
Sales approach indication
$3.61M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.0 mi away · 4,760 SF
9.3 mi away · 5,743 SF
18.2 mi away · 3,760 SF
18.8 mi away · 5,225 SF
19.7 mi away · 5,752 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.33M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 40 sales
$491
-44%
Submarket 664 sales
$739
-63%
County 734 sales
$674
-59%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $276/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.29M
Move the market yield to see immediate price impact.
Value / SF
$268
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$81k
$1.63M
$1.16M
$906k
$91k
$1.81M
$1.29M
$1.01M
$100k
$1.99M
$1.42M
$1.11M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$8.50M
3.1 mi · Dec 2025 · $1,578/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,096
Tax year 2023
Assessed value
$1,293,600
Assessed 2023
Previous assessed
$1,155,000
+12.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$1,293,600
Land market value
$1,293,600
Total market value
$1,293,600
Applied tax rate
100.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
4,826 SF
Lot
0.21 ac (9,240 SF)
Zoning code
6100:COMMERCIAL,NEIGHBRHD
APN
01-3206-028-0901
UPID
US18-4278069
Jurisdiction
DADE
Metro division
MIAMI-MIAMI BEACH-KENDALL, FL METROPOLITAN DIVISION
Zoning & alternative use
6100:COMMERCIAL,NEIGHBRHD · Miami, FLZoning 6100:COMMERCIAL,NEIGHBRHD · permitted uses
6100:COMMERCIAL,NEIGHBRHD · Miami, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
6100:COMMERCIAL,NEIGHBRHD
Jurisdiction
Miami, FL
Recorded code
6100:COMMERCIAL,NEIGHBRHD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 6100:COMMERCIAL,NEIGHBRHD in Miami, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
